Assistant Manager – Model Risk Management
Posted 22hrs ago
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Job Description
Assistant Manager for Model Risk Management focusing on model validation and governance issues at MashreqBank. Regular collaboration with risk and compliance departments.
Responsibilities:
- Assist in end-to-end management of model risk within Mashreq group
- Focus on model validation and its related activities
- Work on PD, EAD, LGD and Macroeconomic models from Credit Risk
- Work on VaR/PSRE/CVA/FRTB models from Market Risk
- Regular interaction and working relationships with departments like Wholesale Risk Management, Retail Risk Management, and Market & Operational Risk Management
- Assisting in managing model risk governance issues and integrity
- Measurement of key model performance metrics, risk capital etc.
- Preparing model performance related reports for senior stakeholders
Requirements:
- 3+ years of experience in the BFSI sector with understanding of risk management and risk quantification processes
- Master’s (or Bachelor’s with at least 2 extra years of experience) in Statistics, Mathematics, Operations Research, Engineering or related fields
- Knowledge of different types of risks such as Credit, Market, Operational etc.
- Understanding of model development and validation processes
- Strong quantitative skills
- Strong written and communication skills
- Hands-on experience of working on SAS, Python, R from model development/validation perspective
- Professional Qualifications such as FRM is a plus
- Sound knowledge of Microsoft Office tools such as Excel, Power point, Word
- Team player, self-starter, innovative and highly motivated.


















